PLAGIARISM SCAN REPORT

Date 2023-06-15

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a. Trade Policy: we all know countries implement these to safeguard their economic interests. This includes tariffs,
quotas, subsidies and trade agreements. By imposing these a country can protect its local industries from unfair
multinational competitions and their exported goods. On the other way, trade agreements can promote favorable
conditions for exported goods and attract foreign investment.
b. Intellectual property safeguard: Protecting the intellectual rights is crucial for countries with significant innovation and
creativity sectors. Strong frameworks legally can help strengthen the patents, copyrights, trademarks and trade secrets.
c. Foreign investment regulations: Countries can perform or impose rules to regulate investments from foreigners. These
regulations may include restricting foreign investments on a country’s strength in its local economy. A country can protect
its strategic industries and national security concerns by carefully managing foreign investments.
d. Economic Diplomacy: Economic diplomacy is the use of diplomatic channels to promote a country's economic
interests. Trade discussions, market access advocacy, and bilateral or multilateral accords are all examples of diplomatic
activities. Countries can overcome trade barriers, resolve disputes, and encourage economic cooperation with other
countries through diplomatic engagement.
e. Infrastructure development: development on a countries building system is critical to economic growth and
competitiveness. Countries can improve their ability to attract investments, facilitate commerce, and support domestic
industry growth by making the industry of the buildings work, these are where important meetings can happen within the
country. Infrastructure development can also help to create jobs and improve the overall business environment.
f. Workers' rights and protection: Ensuring fair labor standards, worker protection, and compliance with internationally
implemented labor rights can be fairly important to a country's economic interests. A country can attract both local and
foreign investments, sustain the current labor force, and improve its reputation as a great trading partner by promoting
decent working conditions, fair wages, and social protections.
g. Diplomatic and commercial missions: Creating diplomatic and commercial missions overseas can assist a country in
promoting its economic interests. These missions are used to highlight a country's strength in its commodities and
investment power.

That concludes the ways a country can help protect or secure their national interests. What can be concluded from the
latter information is that peaceful and diplomatic relationships where countries can coexist is the powerful conflict-
resolution tool that nations can rely on to further pursue what’s best for their country without having to be hinged by any
countries that could go rogue at any time. Mutual cooperation is a must for this to work to ensure a brighter future for
generations to come.

This section of the paper is cleared and done as the following pages will focus more on the economic side of securing the
national interest particularly for the country, Philippines.

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2. Based on the numerous theories of international trade discussed during the semester, select one which you think best
exemplifies and applies to put forward the Philippines’ national interest, based on your provided “credible and extensive
definition”. Provide a minimum of 10 arguments with comprehensive justification for each of the arguments.

The best probable international trade theory that can be applied to the Philippines is the Comparative Advantage theory.

What is the Comparative Advantage Theory?

It is an economy’s ability to make or produce goods or services/commodities at a lower cost or opportunity cost that its
trading partners/countries. It is used to explain why companies, countries or individuals can benefit from trade.

When used to describe trading internationally, comparative advantage enlightens the idea that a product that a country
specializes in when produces can be produced with less or cheap raw materials and can be produced easily other than
countries. Although this is beneficial for a country, solely focusing on the comparative advantage of the country can give a
country a hard time because of the rapid depletion of resources.
Since the meaning of Comparative Cost Advantage theory has been explained, the following pages or ideas that will
be presented are 10 arguments why the latter theory can be a good theory to be applied in the Philippines.

ARGUMENT NO. 1: The Philippines is very rich in labor.

The Philippines has a relatively huge labor force that is kind of inexpensive to attain by companies. The country being fairly
labor-intensive gives it a strength within the industry of manufacturing and services, and can benefit from the comparative
cost advantage theory by specializing in labor-intensive production of goods and services, allowing the country to utilize
its huge labor force effectively and competitively to further rise in the ranks of international trade.

The labor force by sector in the Philippines show a stable but strengthening growth force yearly during the pre-pandemic
era of the Philippines though during the start and in the middle of the pandemic there is an evident decrease in the labor
force per sector which the table in the next page will show.

In terms of employment the Philippines has a fairly good stable employment rate that is slowly growing once again now in
the post-pandemic era.

The above photo shows the labor productivity by sector in the Philippines from 2019 to 2021. This shows the effects that
the pandemic had brought to the labor productivity of the country.

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Since the table only shows data from the pandemic era, we are yet to be reassured that the Philippines is slowly growing
out of the effects that the pandemic have brought and slowly increasing the productivity it once had before the pandemic
started. Thus, giving itself another chance to improve its labor productivity to positively enforce its strengths in terms of
the comparative cost advantage theory.

Table 2: Employment Rate in the Philippines. Source: PSA

Argument no. 2: The Philippines is very rich when it comes to natural resources.

Admittedly, the Philippines has been a country that is rich in raw materials, in the past decades, even centuries, during the

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Colonial Period of the Philippines it has been deemed as a country that is fairly great when it comes to having natural
resources.

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